Iowa Multifamily Acquisition and Renovation Financing
$5,500,000
Davenport, IA
- Loan Type: Renovation Financing
- Property: Trevian’s loan funded the sponsor’s business plan to fully renovate interiors and exteriors and re-brand the property to raise it from a class C- to a class B asset.
- Scenario: Trevian's loan enabled the borrower to purchase the property, cure an environmental issue, renovate unit interiors, make additional exterior and common area repairs, and lease up the property to stabilization.
- Result: Trevian provides bridge loans nationwide on multifamily assets in need of large-scale renovation. Trevian thinks and acts like a partner rather than a lender to help streamline the turnaround process.
